DALLAS, Dec. 15, 2006 (PRIME NEWSWIRE) -- It's been a busy month for Philip Verges, CEO of NewMarket Technology, Inc. (OTCBB:NMKT), and he discussed his very busy past few weeks Friday morning with Market News First's Andrew Coffey.
The two talked about NewMarket's recent decision to hold their Annual Town Hall meeting in New Orleans on Dec. 7 to update shareholders and interested parties. "It was a good meeting," Verges told Coffey. "We had an opportunity to present the performance for the last year as well as our plans for the next year, growing to $120 million in sales organically before we benefit from any planned mergers or acquisitions."
The company recently reported record third quarter revenues of $18.9 million for the 2006 fiscal year, and celebrated being recognized by Deloitte as the fifth fastest-growing technology company in North America.
In addition, the company has a potential of $200 million in revenue waiting in the wings from possible acquisitions and mergers. "We're not going to include that in our forecast for next year," Verges said. "We'll let those additions be surprise revenue increases."
Investors and interested parties can find the podcast from NewMarket's Town Hall meeting by going to: http://www.newmarkettechnology.com/media.htm#TownHalls. Philip Verges' Friday, Dec. 15 interview on MN1 can be found at http://www.mn1.com/mp3/nmkt121506.mp3.
About NewMarket Technology Inc. (www.newmarkettechnology.com)
NewMarket helps clients maintain the delicate balance between maintaining legacy systems and gaining a competitive edge from the latest technology innovations. NewMarket provides certified integration and maintenance services to support the prevailing industry standard solutions to include Microsoft, Cisco Systems, Hyperion Solutions, SAP, Siebel and Sun Microsystems. Concurrently, NewMarket continuously seeks to acquire undiscovered emerging technology assets to incorporate into an overall product portfolio carefully packaged to complement the prevailing industry standard solutions. NewMarket delivers its portfolio of products and services through its global network of Solution Integration subsidiaries in North America, Latin America, China and Singapore. NewMarket maximizes shareholder return on investment by independent listing of consolidated regional and emerging technology subsidiaries in order to issue subsidiary stock in shareholder dividends.
"Safe Harbor Statement" Under the Private Securities Litigation Reform Act of 1995
This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause NewMarket's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.